As the DeFi and crypto space evolves rapidly, here's a recap of the week's significant news and trends to keep you informed on the latest developments.
Circle and Binance Form Partnership to Promote USDC
Circle and Binance announced a strategic partnership at Abu Dhabi Finance Week, aiming to expand the adoption of USDC, the popular stablecoin. Binance will integrate USDC across its trading, savings, and payment services, positioning it as a core stablecoin for its corporate treasury, thereby advancing the global digital asset ecosystem.
Floki and Mastercard Launch Crypto Debit Card in Europe
Floki, in partnership with Mastercard, has launched a crypto debit card available in 31 European countries, including France, Germany, Spain, and Italy. The card, offered in physical and virtual formats, enables seamless cryptocurrency spending. The virtual version is globally accessible, expanding Floki's reach.
Ripple's RLUSD Stablecoin Gains NYDFS Approval
Ripple Labs has gained approval from the New York Department of Financial Services to launch RLUSD, a USD-backed stablecoin. CEO Brad Garlinghouse announced that the stablecoin would soon debut on multiple exchanges in collaboration with various firms.
The past week has seen significant events in the DeFi and crypto world, including new partnerships and strategic initiatives that may have a substantial impact on the market's future development.
